Valmont Industries, Inc. (NYSE:VMI) – Stock analysts at William Blair lifted their Q1 2018 earnings per share (EPS) estimates for shares of Valmont Industries in a research note issued on Tuesday. William Blair analyst B. Drab now anticipates that the industrial products company will post earnings per share of $1.92 for the quarter, up from their prior forecast of $1.78. William Blair also issued estimates for Valmont Industries’ Q2 2018 earnings at $2.38 EPS, Q3 2018 earnings at $2.03 EPS, Q4 2018 earnings at $2.18 EPS and FY2018 earnings at $8.51 EPS.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The company had revenue of $680.78 million during the quarter, compared to analyst estimates of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share.
Shares of Valmont Industries (NYSE VMI) opened at $166.85 on Wednesday. The firm has a market cap of $3,740.00, a P/E ratio of 19.93, a PEG ratio of 2.11 and a beta of 1.06. Valmont Industries has a one year low of $135.95 and a one year high of $176.35. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, December 28th. Valmont Industries’s dividend payout ratio is presently 17.92%.
In related news, VP Vanessa Kay Brown sold 3,059 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total transaction of $525,352.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its stake in Valmont Industries by 85.6% during the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 599 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $209,000. Verity Asset Management Inc. lifted its position in shares of Valmont Industries by 8.1% in the 2nd quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 119 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $246,000. Finally, Trexquant Investment LP purchased a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $252,000. 85.26% of the stock is owned by institutional investors and hedge funds.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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